# Question 28 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-28 - CH-2 - Usha +2 Book 2018 - Solution

Question 28 Chapter 2 of +2-Part-1

28. (Interest on Drawings/Evenly throughout the year) A and B are partners in a firm. They share profits and losses in the ratio of 3:2. As per their partnership agreement, interest on drawings is to be charged @10% p.a. Their drawings during 2016-17 were Rs.24,000 and Rs. 16,000 respectively.
Calculate interest on drawings based on the assumption that the amounts were withdrawn evenly throughout the year.

## The solution of Question 28 Chapter 2 of +2 Part-1: –

Day 38 | Illustration 30 and Question No 28 to 33 | Interest on drawing | Class 12 Accounts | Usha

Interest on Drawings:

A : 24,000*10/100*6/12 = Rs. 1,200
B : 16,000*10/100*6/12 = Rs. 800
Note: When the date of drawings is not mentioned, interest is always charged on  average basis.

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 2 – Partnership Accounts – I (Introduction) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

### Question 62 Chapter 2 of +2 Part-1 – USHA Publication 12 Class Part – 1

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### Download a PDF of Chapter No. 2 – Partnership Accounts – I (Introduction):

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication